tv Bloomberg Markets Bloomberg September 14, 2021 1:00pm-2:00pm EDT
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spending package and plans to highlight how the investments in clean energy and his plan would help combat climate change. trip all caps off to president's two-day swing to the west. yesterday, mr. biden received briefings on the wildfire season and spoke to the communities around lake tahoe. the united states and european union have agreed to a plan to reduce admissions of methane by a third by the end of the decade. the united states has asked other countries to join the global methane pledge which is likely to be on the agenda during a climate change for him president biden is convening on friday. the meeting is to help build momentum before a united nations climate summit in glasgow, scotland kicking off next month. u.k. will offer u.k. booster shots to those over the age of 50 and vulnerable groups
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starting next week as part of its winter plan to tackle coronavirus. prime minister boris johnson also said today mandatory face masks and other measures could return it cases search. he left the door open to bringing back lockdowns, if necessary. >> we will keep further measures in reserve, plan b. we do not see the need now to proceed with mandatory certification, but we will continue to work with the many businesses that are getting ready as such. mark: u.k. health secretary sajid javid told parliament today that an overhaul of restrictions on international travel will be announced before the end of the month. u.s. household income fell in 2020 while the national poverty rate rose from a 60-year low as the covid-19 pandemic upended the u.s. economy and through millions out of work.
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according to new data released today by the census bureau, median inflation-adjusted household income decreased 2.9% last year to about $67,000. the poverty rate rose to 11.4% after having dropped for five straight years. lower wage service industry workers and people of color bore the brunt of job losses. global news 24 hours a day, on-air, and on bloomberg quicktake, powered by more than 2700 journalists and analysts in over 120 countries. i'm mark crumpton. >> it is 1:00 in new york, 6:00 in london and 1:00 a.m. in hong , kong. welcome to bloomberg markets. here are the top stories we are following on the bloomberg and from around the world.
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apple kicking off its biggest product launch event of the year. we have the latest. and the path to recovery for small businesses. a new survey shows virus concerns and inflation pressures are hampering the small rebound. we dig into the data. and later, barrick gold's ceo joins us to talk about the latest cpi print and what it means for the direction of the price of gold. you can see some of that inflationary data in the markets. let's get a quick check on where we stand in the markets. mostly red on the screen. s&p down .3%. yields are falling across the curve. you had a weaker than expected monthly basis cpi number. yields are down about five basis points or so. does this mean that we are lower
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for longer if inflation is not a concern? some of those inflationary pressures may be coming down on the long and. some of the big underperformers here, flattening of that yield curve. it is another big story in the markets, and it's all about that big product launch. apple's biggest product event is underway in california right now. all eyes are on the iphone 13 and apple watch series seven. for more on what we can expect from the event, maribel lopez is with us, as well as tom giles. the event just getting underway. what are you looking for? tom: we are looking for big changes in the watch in particular. that is probably -- not revolutionary, but we will see a bigger case on the watch, so it
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will fit your wrist more comfortably. we will see a faster processor. we will also see larger screens, so more pixels, more action on your wrist. a lot of attention will be toward the watch, even though the iphone is a bigger device for them, bigger revenue generator. the watch is newer, but some interesting changes happening there. also a faster processor on the watch. taylor: maribel, so much of the focus has been on the iphone but it is shifting to services in general. tim cook saying that we are just getting started with the apple tv plus video service. are you expecting to hear other things about these services which has been a big margin improvement for the company? maribel: services are the way of
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the future for apple. the way that they deliver that in their hardware platform. reoccurring revenue is what any business wants. the tv business is still a hot commodity for apple and others. we are actually pretty excited about what they are doing in content and services and the delivery mechanisms keep getting better. this is an iphone launch, we expect big cameras, as we always do. bigger and better cameras. taylor: i am laughing because i still have a blackberry. i just upgraded from the iphone 6. i don't think i'm the target audience. if you were focused on the camera, tom, what would you be looking for? tom: you will see some new video features, particularly some ai driven filters. you will see some new features in portrait mode.
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those cool photos that you take in portrait mode, you can take videos in that mode as well. higher-quality video recording. some really interesting things happening. also a faster processor. there is going to be satellite features. that means they will tweak the hardware, so that in the future when the software change comes through, you can use satellite networks. this is not for calling friends but for emergency calling, things like that. what you are seeing is apple starting to equip the iphone for the satellite networks coming down the pike. taylor: maribel, you are echoing similar points, it's all about the future of the company, connecting the hardware to the software services, that high-margin product. does anything today change things for you as an analyst, change anything for you on the margins?
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maribel: what i see coming from apple right now, echoing tom's comment, we are talking about screens and cameras, processors. those are the tenants that we have always had. the one thing missing is a vulnerable screen. nobody is expecting that for this specific iphone launch. that is something that we may see next year, since they are usually clocking a little bit behind the leaders in the industry. samsung has been very forward in terms of their processors, screen technology, and in terms of putting new sensors on their wearables. where we go with wearables next with apple is really important. are we going to see a big shift? right now, this is your very standard -- we had the big technology announcement last season. this time we get really amazing but incremental improvements. taylor: i will put you on the
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spot. we are getting headlines, maribel, about an entry-level ipad. a13 processor up from the a12 chip. they say that that entry-level ipad is 20% faster than the last year. sometimes we ignore the ipad focusing on the phone or watch. what does this mean for you, 20% faster? maribel: there is a huge market opportunity to grab not just the leading edge but everyone who wants access to this technology, everyone who may choose to have a tablet. some of the older ipads were frankly underpowered for what we are trying to do today. we have some compelling gaming apps that require a certain level of processor, content creation that people are doing on these. apple has never forgotten the ipad, just shifting where the innovation is. i think the company still
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maintains that for a lot of individuals, the ipad can be as better or better than a pc. taylor: a lot of headlines coming up from this event. i want to thank you, maribel lopez, and our own tom giles. we will have both of you circle back later on to give an update on the event. you can also follow the live events on the bloomberg. coming up, it is a new goldman sachs survey showing the resurgence of cases due to the delta variant is jeopardizing the recovery of small businesses across the u.s. we will break down the findings. this is bloomberg. ♪
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taylor: this is bloomberg markets. i'm taylor riggs. inflation pressures -- we saw this this morning, and increasing pressures from the delta variant are hampering the recovery from businesses across the u.s. this is according to a new survey from goldman sachs. for more, let's welcome joe wall , the national director for 10,000 small businesses voices. let's also welcome our own sonali basak. >> joe, you cited this issue about inflationary pressures. which specific inflationary pressures are you seeing impact these small businesses more than others? >> thank you for having us on. as we look across the data, cross industries, we are not seeing a lot of fluctuation that you would see in construction,
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manufacturing, retail, hospitality. that is where we have the highest level of inflation. dating back to june, over the last three months, 81% of small businesses say inflationary pressures have intensified for them. in terms of the impact to their financials, three quarters say it is impacting their financial health. we are seeing it across the board, and that is consistent with june as well. the only thing from june is that the data has intensified. numbers are anywhere from the mid-80's to the high 90's across industries. sonali: always interesting to see with the data tells us to what you are seeing in these businesses. do their comments echo but we see in the data as well? jessica: what i hear from my fellow small business owners is that inflation is causing a problem from the cost of goods. when we look at hospitality or food services industry, as well
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as simple products and equipment that people need, it doesn't have to be -- it is industry agnostic. we feel the pressure from all sides to keep up with inflation. we don't have the opportunity to pass on cost increases, so it's been a challenge coming out. taylor: it is interesting, speaking of challenges, we have been having conversations about stagflation, where you have the inflation remaining high but you see economic growth slowing down a little bit, this time due to the delta variant. how much of an impact is from economic pressures related to some of the inflationary pressures? jessica: from what we have seen, the economic pressures seem to be the tightest constraint. access to capital continues to be a challenge. we are very excited about the challenges sba has announced which will enable firms like
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mind to get better access to capital that we need to grow. even when we talk about the economics of it, the cost of labor, many firms are competing with amazon to get talent. we are losing out in that battle. i am sure you have heard about the workforce, hiring challenges, so the economic pressures are really having an impact from what i'm hearing, here in the bronx, in our business, and as well with the other 10,000 small businesses. sonali: it is interesting you mentioned amazon. it is one of many large employers that have announced massive hiring plans. there has been a narrative that big businesses have benefited while small businesses have been challenged in many ways. can you describe what that tension is? do you think the playing field is uneven, and why? jessica: it is an uneven playing field. at the end of the day, if
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somebody could work for a large employer, that perception is that that company will provide better benefits, provide a better experience, and you can get many of those same benefits and a small business. overwhelmingly, small businesses employ the majority of americans. but when it comes to hiring, that perceptions are not as positive when it comes to small businesses. people will pass businesses like mine to work for a big firm because they are under the impression that bigger is better. we often, as small business owners, miss out on the opportunity to get great talent. or in some instances, we serve as a pipeline for talent for the larger companies. we get people who otherwise may not have had a chance to work, they get the experience, and then the big companies hire them away because they can often pay higher wages. we are at an interesting intersection now as small
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businesses trying to create the jobs that will help lead the nation into recovery. sonali: jessica mentioned the access to capital as an issue. in your survey, you find only 31% of small business owners feel confident they have access to capital. what role does the banking system play here, where are the shortcomings? joe: shortcomings largely reside in the fact that a small business today going to apply for a long with a financial institution or fintech company, part of the underwriting process will be looking at their 20 financial statements, which for most businesses are not painting a rosy picture of their business. the rearview mirror for small businesses through the pandemic is not a positive one. what is positive about what the sba did last week -- and jessica referenced this in terms of modifying components of the covid idle program -- to apply
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for that program, they simply look at your 2019 statements. they are also increasing the loan limit from $500,000 to $2 million. they are also giving small businesses a tremendous amount of flexibility to drive working capital into the system and also helping them consolidate their debt. many of them are still suffering from the financial implications of covid. in particular, we see black small businesses are having a more difficult time to not only capital but also recovered financially from the pandemic. when it comes to access to capital, you reference 31%. four black small business owners, only 20% are confident they could access capital if they need it. 54% of them say they expect to take out a loan or line of credit for their business this fall or winter, compared with the overall population, just 29%.
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a 25-point jump for black small businesses. sonali: my we have you, it's been a big day at goldman sachs. your cfo saying that he will step down. it feels like there are a lot of changes lately. does it feel like you are working for a new goldman sachs? joe: one of the great things about goldman sachs, we have a tremendous amount of continuity at the firm. most of my peers have been at the firm for years. i have been here for 12. part of the evolution of life is i see people retire, they move on, but we have a deep talent pool. you are seeing that today. . taylor: always appreciate it. joe wall, director of 10,000 small business voices, jessica johnson-cope, and our own sonali basak. casino stocks are dropping in the u.s. after macau lays out on the plans to step up local
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taylor: this is bloomberg markets. i'm taylor riggs. time for stock of the hour. macau casinos are still lagging after covid, and now, no surprise, the chinese government are at it again, looking at more active ways to get involved to take a more active role. dave wilson, you always have the repercussions for us. dave: but we are talking about is something that focuses in on mccown, -- macau, the city backed by the mainland government. they are talking about more
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direct supervision, more local ownership of the casinos. there is a current minimum of 10%. looking at the possibility of tightening credit controls. these highrollers come into town and they want lots of credit. that becomes an issue. you think about what is going on in the mainland. the chinese communist party has never been a fan of gambling. then you have the question of money laundering being a part of the mix. all of this comes at a time when the casinos in macau are nowhere near recovering from the effects of the pandemic. sure, first have revenue was up or than seven times from last year but still down 57% from two years ago before the pandemic it. when you look at these companies , you do have quite a bit of dependence on macau in terms of the -- where the money comes from. wynn has about half of its
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revenues this year. they also have las vegas and boston. las vegas sands is a comparable percentage. mgm as well. put together, u.s. companies have a lot at stake depending on what happens in macau. taylor: i like that you mentioned las vegas sands, mgm, wynn. this is not a wynn issue, this is an industry issue. jessica [no audio] dave: does most of its business in macau. those americans depositary receipts taking a hit. even penn national gaming which does not operate in hong kong is falling with its u.s. peers. what is happening in terms of regulation in macau is river rated back here. you don't even need to look at
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chinese companies to see it. taylor: dave wilson, we love having you on, keeping us honest on our chart of the day. inflationary pressures, gold issues going on. we will be speaking with barrick gold ceo mark bristow, joining us from the denver gold forum. coming off of you could say a weaker cpi print on a month over month basis, but the year over your number still about 5%. you wonder how these inflationary concerns trickle through to some of the stocks, commodities. this is bloomberg. ♪
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job. it's the only second gubernatorial re-election in california history. they're asking two questions -- whether he should keep his -- the first-term democrat should keep his job and if he's removed, who should replace him, from a field of more than 40 candidates. recent polls indicate that newsom has the support to survive. russian president vladimir putin has gone into self-isolation. he was exposed to several people in his entourage infected withive kr. the spokesman says president putin is healthy and tested negative for the virus. in haiti, the country's chief prosecutor is asking a judge to charge the prime minister in the murder of the president. they asked officials to keep him from leaving the country and henri needs to explain why he
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was called twice. the suspect worked for the haitian government. the president was killed inside his home july 7. it's another sign of life returning to normal in new york city. some of the biggest broadway shows return to the stage tonight. "the lion king", "hamilton", and "wicked" for those that have been fully vaccinated and wearing masks. global news 24 hours a day, on air and on bloomberg quicktake, powered by more than 2,700 journalists and analysts in over 120 countries. i'm mark crumpton. this is bloomberg. amanda: welcome to "bloomberg
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markets." taylor: we welcome both our bloomberg and our bloomberg audiences here. some of the top stories we're following from around the world. prices paid by u.s. consumers rising by less than forecast in august. mark bristow joins us to discuss the latest trend and what it means for the direction of the price of gold. plus, sports data companies debuted on the nasdaq today and is backed by mark cuban and michael jordan. we'll have the c.e.o. and founder. and the biggest event underway. i hear there is a watch, ipad. it's all the rage. amanda: and we're watching for reaction in the markets, taylor. we're seeing something of a negative session out there today. there was early reaction, we've certainly seen reaction in treasuries to that more benign than expected c.p.i. report, if
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we can put it that way. still a very high number year over year of course. the context of does the fed need to move rather than later? it seems to be a pass on the paper for now. you can see broad-based declines here. we have strengths in the broad s&p 500 for tech and headquarter and some of the big names in tech are moving higher. others are weak, though. you do see discretionary weak. comcast taking it on the chin as it warns of subscriber growth numbers for august. and the treasury we have it at 1.28. it's a yield lower than that today. so a little bit of market reaction. and, of course, no surprise today. investors were very focused on that u.s. inflation data. >> the narrative is that it is transtory. >> this is another report for a second month in a row that gives credence to that transitory debate. >> temporary is the order of the day. >> inflation is likely to stay somewhat high.
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>> we see quite a bit of pressure coming through the pipeline. >> supply chains remain disrupted. >> look what happens on the supply chain on the good side, what's happening with labor and wages. >> i don't think this changes much for the fed. >> the labor report and c.p.i. report gives them a bit of breathing room. >> they can stay on hold and being patient. >> i think they're sitting in good position regardless which way they want to go. in reality, whether they start tapering september, november, december, i don't think it is a big change in our outlook. amanda: on the month over month basis, i'm reading, if you calculate inflation rates from february, 2020, the core inflation rate is averaged 3.1%. that five-year average is now 2.4%. that is above 2%, by my math. taylor: which, of course, hits home for most consumers and we know that even a political issue right now on this side of the
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border as we face a federal election next week. we do feel inflation in our day-to-day lives. food. so from a monetary policy point of view it's benign for consumers, it's a real issue. one, of course, we looked for connection is gold. amanda: we have an elevated price of gold relative to recent years. but off of the recent very high level, we have with us the c.e.o. of barrett gold, mark bristow, one of the biggest players in the world. mark, great to have you with us. i want to think of the old thinking around gold and the reason for owning it as an inflation hedge. therefore, that makes the case for the producers so you can leverage up a little bit more on it. is there a connection between those two things or is it over? mark: i think, absolutely, when you look at see where we've come and you look at the turn of the century and look at gold price
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is effectively the value of paper currency and particularly the u.s. price of gold. right now we see all the currencies weakening against the gold price and have been doing so for two decades now. so absolutely that connection is still intact. taylor: mark, really curious to see which signs of accelerating inflation you see as well in terms of input price given some of the mining companies and the impact on how you can pass that onto the consumer? mark: so, taylor, as you know, we're a fast taker. we better sharpen our pencil as far as efficiencies and operating effectiveness goes. we can't pass on anything. it's what it is. the gold industry at the moment is in good shape because of the gold price. but, again, it's a long-term game. the question mark over the gold industry is are we investing
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enough in our own futures and industry to ensure we are there for times of crises. there's no better example than if you look back at the global financial crisis and the performance of gold and how it should have supported the investment portfolios. certainly, this time round, it has. and i think there's a lot of wishful thinking in the market right now as we try and move out of this unprecedented crisis that we've managed since march last year. everyone wants it to be better. and everyone believes it's going to just be transitory, but i think there's been a lot done and a lot of money printed and there's been a lot of damage across the global economy, which still has to materialize.
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amanda: the story, of course, for your industry and one you know very well is that the easy to mine gold was mined a long time ago. the cost have been accelerating. there are signs we will see higher costs continuing for you. what is, as you say, you're sharpening your pencil, what's the best way to get more efficient, mark? what are the efficiencies you can find? how much will be straight old-fashioned cost cutting and deficiencies internally? mark: to be more e.s.g. cognizant is important. we know for the first time the industry's focused on technology and those all help. there's nothing better than the quality of one's assets, amanda. the better your grade, the lower your cost per outs. you might have costs higher per ton. the cost per ounce is driven by
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the quality of the ore you mine because that's rarely our revenue stream. as you know, barri -- barrick is worried on assets that is in the bottom half of the cost curve and produce more than 500,000 ounces a year for more than 10 years. taylor: mark, it's interesting, the denver gold forum that's under way traditionally have been a breeding ground for further consolidation and m.m.a. deals. are you looking at further consolidation in the industry? mark: taylor, we're always looking. the problem is to find the right one that does create value and doesn't just make you larger as a producer. in line with the denver gold foreup -- forum, it allows young startup companies, explorers to present their projects. so that's always a very
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interesting sort of breeding ground for transactions. so this is a time traditionally and it's the first time we've sort of got half in person engagement but it is bringing them -- the industry back and we're excited about the opportunities. the one thing the industry misses -- and it needs to do and barrick is one of our big drivers -- is to make sure that we invest organically enough in our future. we really haven't replaced the gold we mined with similar quality assets for two decades now. amanda: you are leading through a global pandemic. there are perhaps signs of daylight. there continues to be real disruptions. what are you seen in your own operations in terms of being able to deploy your own people? what's your vaccination policy
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plan? will you require vaccinations for some of your employees? mark: so we are actively managing this pandemic. i grew up in africa. i understand very well virus pandemics. and we started even before anyone had introduced protocols. we already had protocols in place. we are encouraging and some countries, like canada, we mandated vaccines. you know, you got to look at each environment. all our mines are busy with vaccine programs. all our operations. africa is a little bre hiend because of the access -- behind because of the access to vaccines. at the same time we are working with our host countries to ensure that we access as much of the various proved vaccines as we can to support their programs. and so if you look at argentina and chile, we are way up into
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the 80% on the first vaccine, just a little behind on the second vaccine. dominican republic is 90%. america is behind everyone. and that's a real pity because it was so far ahead initially. we're seeing that process pick up now. and we are managing the protocols more stringently. as we get comfortable with the level of vaccination. canada, i think in our corporate office, we have two people that haven't been vaccinated. and as i said, in papa new guinea, we are already picking up that because we have access to vaccines and the same goes for all our african sites. and saudi arabia is very highly -- the percentage is very high. again, above the 80's. taylor: barrick c.e.o., mark
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bristow, thank you for the wide-ranging conversation there. amanda, we're going to go wide-ranging to one company. apple is unveiling the latest products. so far we heard new details on the watch, the ipad, and now we're finally getting that iphone 13. it is officially time for you to upgrade from your iphone 6. this is bloomberg. ♪ snoou
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global technology tom giles. we are getting comments, of course, pretty much as we expected. some camera upgrades, some chip upgrades. i'm curious. we have not heard a lot about pricing. where are you when it comes to pricing and being a price setter but not alienating some consumers? >> you know, apple has to be careful. they have already pushed the upper edge of pricing. not quite as much as samsung has. but you have to be careful because once you get starting too far north of $1,000, you start to lose some of the mass market. remember, apple is upgrading these every year and so you have to expect there are people who are going to be upgrading maybe every couple of years. and the problem you run into is if you're still making payments on your old phone, the more expensive it is, the longer those get drawn out, the less likely you are going to have people upgrading on -- at a pretty rapid rate.
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amanda: we are seeing the revamp ipad mini with new features. is there anything meaningful about pricing and market share, is that exciting? maribel: they have a more compelling offering about the mini than they had in the past. and the performance wasn't a surprise. the price point is good. they continue to push the fact that there is a need for a tablet market in this space where most of the other device makers are saying, hey, we have p.c.'s, we have detachables, tablets aren't necessarily the wave of the future. it's interesting to see apple keeps investing and pushing hard. they're starting to contract in some of the verticals as well. taylor: tom, curious, though, here. are there concerns about some of the software glitches, some of
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the security concerns? tom: well, we did see a bit of -- the timing was terrible for apple. we did see just yesterday, right, the researchers in canada coming out with the report, making -- making the point that n.s.o. group had -- that there was a vulnerability in the iphone. and that sort of sent some shock waves around the market. and it resulted in, you know, you need to upgrade. apple released a fix. that came out yesterday. just in time for today's release. so, you know, apple security is something they take it very seriously. they take your privacy very seriously. they can't afford to have these reports coming out. basically, this spyware available or on your iphone. the software fix went out. if you haven't updated your iphone, absolutely do that. we haven't heard the full presentation of the iphone. it's happening right now. you have to think they would pay
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some attention to security features. taylor: thank you, vls. mayor bell lopez -- maribel lopez of lopez research. and tom giles. appreciate that. amanda, the only thing i need is the guided meditation for the fitness-plus service that's going to be released. [laughter] amanda: keep your eyes on shares of peloton. thanks for being with us. coming up, we are keeping our eyes on sport radar. the c.e.o. rang the opening bell on the nasdaq today than no other than michael jordan by his side. we'll give you the latest. stay with us. ♪
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sport radar coming to market. not a massively upday for the company but a big valuation of $8 billion, hoping to capitalize on a growing sport betting business in the u.s. of course, we have with us the c.e.o. and founder of sport radar. business has some big backers, carson. what's your advantages? it's a big market, fast growing and we know there's a lot of opportunity here. you provided some of the data and you have, of course, you can help teams manage their own data. is that your advantage in this? carson: based on this data we apply algorithm, machine learning, a.i., who make products for our clients to do a good business. sport betting operators, they need probabilities. they need to manage risk. they need to do programmatic. the data we have as a raw
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material. taylor: carsten, talk about the i.p.o. that didn't work out? carsten: we have been running a duo-tracked process from the beginning. if you run those two tracks, it paid off for us. i had to do a decision at one point in time which was in the interest of the shareholders and the employees. i think it was the right decision. i'm standing here today on naz tack. -- nasdaq. we are in line with companies like microsoft or amazon or google. this is a really fascinating time for us. looking, you saw the person standing left to me. we have been discussing -- i think that says everything about the relationships. he's one of the biggest shareholders now. with the product placement. amanda: so where do you consider your biggest competitive threat,
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carsten, given you have teams and you have the raw material, who else could be doing what you do in a way that would threaten you? carsten: i think we have no competitors. i think how we do it, we are very unique. so we have three business verticals. one with teams and for leagues. we provide technology. we collect data and information. we provide services for sports an lit -- analytics. then from a sports betting perspective, we have that global reach. we have been 20 years in that market and we are leading the marketplace. we have friends like apple, facebook, google where we serve the immediate data and applications. all those components together makes us pretty unique. taylor: carsten, we only have about 30 seconds here. how big do you see this market? carsten: i see it about $30 billion in the u.s.
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for us, 30%, worldwide, nearly double that size, which i gave you. so we have huge growth opportunities in that market. taylor: really appreciate your time. of course, on i.p.o. day. you know, amanda, more headlines continuing to cross. the 13 minutei. $699. tom giles, our executive editor of bloomberg technology, hitting it spot on. talking about some of the pricing power. wanting to be careful here as you think about approaching that $1,000 mark. more on that apple event is coming up. so is the rest of "bloomberg markets." this was amanda lang. i'm taylor riggs. and this is bloomberg. ♪
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world to be vaccinated against covid by this time next year and is expected to make that call in his first address to the u.n. general assembly. dr. anthony fauci told msnbc he disagrees with an expert's review in the lancet that says vaccines were so effective that booster shots might not be needed for everyone. he also said young, healthy, unvaccinated people need to understand they are not exempt from getting seriously ill. senior senate democrats have reached an agreement with moderate senator joe manchin on a broad overhaul of a u.s. voting rights law that would create an automatic voter registration system through the motor vehicle agency and provide voters at least 15 days of federal voting -- voting in federal elections. it is designed to prevent gerrymandering.
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